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US Bitcoin ETFs clock biggest inflows since January as crypto markets gain

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US-based Bitcoin exchange-traded funds (ETFs) had their largest day of net inflows since late January, as crypto markets remained buoyant over the Easter weekend.

The 11 Bitcoin (BTC)-tracking funds saw a joint net inflow of $381.3 million on April 21, largely carried by a $116.1 million inflow into the ARK 21Shares Bitcoin ETF (ARKB), according to CoinGlass data.

It’s the largest inflow day for the ETFs since the funds had a $588.1 million joint net inflow on Jan. 30, days after Bitcoin hit a peak and was trading with a six-figure price tag.

Total Bitcoin ETF flows since their launch in January 2024. Source: CoinGlass

The ETFs have struggled to maintain inflows over the past few weeks amid US President Donald Trump’s trade war threats. CoinGecko shows Bitcoin fell below $100,000 in early February and hit a 2025 low of $74,773 on April 7, days after Trump placed tariffs on every country, which also caused a stock market slump.

The Fidelity Wise Origin Bitcoin Fund (FBTC) saw the second-largest inflow for April 21, with $87.6 million, while the Grayscale Bitcoin Trust (GBTC) and the company’s Bitcoin Mini Trust ETF (BTC) saw joint net inflows of $69.1 million.

The Invesco Galaxy Bitcoin ETF (BTCO) and the WisdomTree Bitcoin Fund (BTCW) saw no inflows or outflows on April 21. Source: CoinGlass

BlackRock’s iShares Bitcoin Trust ETF (IBIT), the largest of the group by assets under management, saw net inflows reach $41.6 million, about half of the inflows it saw before the weekend trading break on April 17.

Crypto stays afloat over long weekend

US markets had shut down on April 18 in observance of Good Friday, and trading on Monday, April 21, saw them close in the red, with the S&P 500 down 2.4%, while the Nasdaq and the Dow Jones each dropped 2.5%.

Related: Bitcoin rally above $100K may follow US Treasury buybacks — Arthur Hayes

The crypto markets, meanwhile, were able to hold onto gains made over the long weekend, with the total crypto market capitalization climbing by $800 billion over the three-day break to hold at $2.84 trillion.

Bitcoin has boosted that total, having climbed above a market value of $1.75 trillion for the first time since March 22 as its price struck above $88,500, a four-week high.

Magazine: Financial nihilism in crypto is over — It’s time to dream big again

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